CHICAGO, Oct. 17, 2011 /PRNewswire/ -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Apple (Nasdaq: AAPL), United HealthCare (NYSE: UNH), Tiffany Textron (NYSE: TXT), Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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A Busy Week Ahead
Historically the best indicators of firms which are likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises.
Similarly, a recent history of earnings disappointments, cuts in the average estimate for the quarter in the month before the report is due and a poor Zacks Rank (#4 or #5) are often red flags pointing to a potentially disappointing earnings report.
In the Earnings Calendar below, $999.00 should be read as N.A.
Potential Positive Surprises
Apple (Nasdaq: AAPL) is expected to earn $7.28 per share, up from $4.64 a year ago. Last time out, it had a positive surprise of 34.08% and over the last four weeks analysts have raised their estimates by 3.64% for the quarter. AAPL is a Zacks #2 Ranked stock.
United HealthCare (NYSE: UNH) is expected to earn $1.12 per share versus EPS of $1.14 a year ago. Last time out, it had a positive surprise of 22.11% and over the last four weeks analysts have raised their estimates by 0.66% for the quarter. UNH is a Zacks #2 Ranked stock.
Textron (NYSE: TXT) is expected to earn $0.31 per share versus EPS of $0.13 a year ago. Last time out, it had a positive surprise of 16.00% and over the last four weeks analysts have raised their estimates by 2.98% for the quarter. TXT is a Zacks #2 Ranked stock.
Potential Negative Surprises
Goldman Sachs (NYSE: GS) is expected to lose $0.02 per share versus EPS of $2.98 a year ago. Last time out, it had a negative surprise of 19.21% and over the last four weeks analysts have slashed their estimates by 100.99% for the quarter (moving from a profit to an expected loss). GS is a Zacks #5 Ranked stock.
Morgan Stanley (NYSE: MS) is expected to earn $0.36 per share versus EPS of $0.05 a year ago. Last time out, it had a positive surprise of 39.68% but over the last four weeks analysts have cut their estimates by 25.60% for the quarter. MS is a Zacks #5 Ranked stock.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (+3% versus +10%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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Contact: Dirk Van Dijk, CFA
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